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Dec 6, 2012
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-- have such a forceful impact on the economy. that is a political decision more than it's an economic discussion right now. >> peter, i'm going to give you the last word. >> it's really a political issue. this is not the right time to be cutting. maybe another six months. however, the president sees this as an opportunity to get the cuts in ways that he likes best because he won the election. fair enough. so the president sees a political opportunity. i think there's some danger here by not just renewing all these tax cuts and sitting down and talking about tax reform and spending cuts by midyear, that there's a real danger that we could tumble the economy. >> all right. peter, ali, thank you so much. we'll be waiting. obviously, days away to see what's going to happen here. thank you. >>> one of the most staunchly conservative members of the u.s. senate calling it quits. senator jim diment announced he will resign from congress at the end of the month. he is leaving to take over the think tank the heritage foundation. he says he
-- have such a forceful impact on the economy. that is a political decision more than it's an economic discussion right now. >> peter, i'm going to give you the last word. >> it's really a political issue. this is not the right time to be cutting. maybe another six months. however, the president sees this as an opportunity to get the cuts in ways that he likes best because he won the election. fair enough. so the president sees a political opportunity. i think there's some danger...
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Dec 3, 2012
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last quarter, profits made up 11% of the economy. and that number has been rising over the past decade. now, on the right side, you see wages as a percentage of gdp. that number has been falling. and last quarter, it hit a record low. now, brooke. part of this is because some higher paying jobs have gone overseas. and it is also because the labor market hasn't bounced back from the recession like other parts of the economy have, take for instance housing. brooke? >> those graphs really tell the story clearly. and i want to ask you about something else, maribel, while i have you. we're used to hearing about trouble when it comes to your traditional newspapers, sadly. but now we're hearing about an online paper that targeted the cutting edge tablet user crowd, that's going away. tell me about that? >> that's right, brooke. it seems digital road is apparently not paved in gold. news corp. is folding the daily. it made a big splash last year when unveiled because it was only for the ipad. this is ironic because in this day and age you th
last quarter, profits made up 11% of the economy. and that number has been rising over the past decade. now, on the right side, you see wages as a percentage of gdp. that number has been falling. and last quarter, it hit a record low. now, brooke. part of this is because some higher paying jobs have gone overseas. and it is also because the labor market hasn't bounced back from the recession like other parts of the economy have, take for instance housing. brooke? >> those graphs really...
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Nov 28, 2012
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in going over the fiscal cliff it will hurt the economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table but it's time for the president and democrats to get serious about the spending problems that our country has. but i'm going optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> good morning. you know, i was heartened to see that last week the president's chief p
in going over the fiscal cliff it will hurt the economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. we're going to continue to work with the...
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Dec 5, 2012
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bush is out renewing the call for immigration reform. >> not only do immigrants help build our economy, they invigorate our soul. i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps def
bush is out renewing the call for immigration reform. >> not only do immigrants help build our economy, they invigorate our soul. i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card....
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an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter: we don't know precisely or the skills necessary. it's a great question. probably in the thousands of jobs. remember, this is one existing mac line. this is not the iphone or ipad. one line but probably in the thousands, brooke. >> in the thousands. and so, apple chock eed up the one-day stock drop. do you think the shift, has to be a profitable move for apple hopefully. >> reporter: well, you know, there are two ways of looking at it. you are using cheap labor in china. not going to have that in the united states and also you're talking about adding infrastructure costs. how that might impact the bottom line, yo
an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter:...
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Nov 30, 2012
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is not good for the economy. so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are listening and they take the steps necessary to get to a compromise before the end of the year. >> very quickly, very simply, optimistic or pessimistic? >> i'm optimistic, 1,000% confident they'll get this solved by the end of the year. >> thank you, michael. appreciate it. >> thank you. >>> so what was meant to be a discussion on recovery efforts in the wake of superstorm standee erupted into tears and outbursts of anger. it was standing room only at the town hall meeting on staten island as people who lost everything begged for help from fema. wabc's carol lee was there. >> reporter: more than 700 people packed the auditorium for a town hall meeting for superstorm sandy victims on staten island. ther
is not good for the economy. so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are listening and they take the steps necessary to get to a compromise before the end of the year. >> very quickly, very simply, optimistic or pessimistic? >> i'm...
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Dec 6, 2012
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when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen says even if the market is shaky at the start of 2013, the gains the second half of the year will make up for it. carol? >> that's a pretty rosie outlook. there must be a counter argument. all the other -- i hear such dire things. >> of course. you know, there are other big financials that release their outlooks, too, carol. most are generally positive, though. there are some pessimists out there. wells fargo strategists expects stocks to decline next year and points to slowing growth and uncertainty about the economy. expects just a modest gain
when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen...